Monday, April 16, 2012

Does Obama Pay Less Taxes Than His Secretary?

Courtesy of the class division SWAT team, we already know all too well that Buffett had a lower tax rate than this secretary. We however have a question: according to just released data, the Obama’s paid $789,674 in taxes in 2011…
  • OBAMAS PAID 20.5% IN TAXES ON $789,674 IN 2011
From Bloomberg: “President Obama, wife Michelle had adjusted gross income of $789,674 in 2011, paid $162,074 in taxes, according to federal tax returns released by White House.”
Source: White House
So… inquiring minds want to know if the Fairness Expert in Chief paid less than his secretary in 2011?

1 comment:

David Lambertson said...

Obama did not pay a higher effective tax rate than his secretary. That is a lie and sadly, a the misinformation comes from the White House. Obama's actual effective tax rate was 32.65%. The maximum effective rate his secretary could have paid had was 20.3%. I don't know why the media has failed so miserably in reporting this. I am an ardent Obama supporter. But I do believe the White House released this misinformation to influence the vote on the Buffet amendment. Regardless, the news reports are misleading.